Archive for Uncategorized

Who is Responsible for Marketing in Professional Services Companies?

// March 23rd, 2012 // No Comments » // Uncategorized

There is a sense in which the stereotypical response of most professional service firms to the marketing issue is. one of abdication of responsibility. The challenge of marketing to many professional service firms represents a large ‘black box’ filled with myths and half-truths, ambiguity in terms of the role of professionals and marketing, a dearth of information from both within and outside the profession, budget implications for the partnership and above all a surrounding background of uncertainty. Unable to face the uncertainty around the marketing ‘black box’ the responsibility is shifted from senior management of firm to individual partner, from marketing partner first to outside consultant and then to internal marketer who will further delegate many marketing tasks to subordinates and outside consultants.

In my experience once responsibility has been ‘boxed’ and shifted elsewhere (further down the organization in most cases) then it is incredibly difficult to move responsibility back up the organization as it is now ‘somebody else’s (usually a named individual’s) problem’. Many of the problems faced by professional marketers when they join professional service firms relate to their attempts to make people further up the organization recognize their role in marketing and take responsibility for making it happen.

The reality of the function of marketing in the large majority of professional service firms seems to revolve around marketing com­munications of various kinds: brochures, public relations, press releases, advertisements, etc., and the role of marketing in its current form is to attract new clients. While communications is obviously one of the four elements of the marketing mix it is only one element and in the professional service context it is not the most important element of the mix.

The role of marketing in the management and development of professional service firms is severely limited in most cases. While in most professions it can be argued that marketing as a legitimate issue is still in its infancy, the future of marketing within the professions will by no means sort itself out simply over time. There is a distinct danger, which I have witnessed on a number of occasions, that marketing in its current form in many firms will be deemed to have ‘failed’. Marketing individuals and departments whose function is built around external marketing communications will require relatively large budgets. As with all marketing expenditure in service businesses the marketers within the firm will be unable to point to changes in bottom line firm performance and directly attribute them to marketing communica­tions. Marketing is then in the organizational position of being seen by many partnerships as a function that spends a good deal of their hard-earned fee income while being unable to tangibly demonstrate a return for the firm on their investment. Therefore the firm may decide that it has ‘tried marketing’ and found it not to be the panacea promised by the public relations consultants and consequently decide either to abandon marketing or simply curtail its budget.

The reality is, of course, that such firms have not ‘tried marketing’ at all. They have tried ‘marketing communications’ and discovered that they can be expensive and that it is very difficult to measure the results tangibly.  Sarah writes for business and sports sites online.

When to Check Bankruptcy Records

// July 15th, 2011 // No Comments » // Uncategorized

The best time to check bankruptcy records is before you start up that new partnership. There should be no surprises that have to do with the welfare of your new business. What a person does in their personal life can reflect on the success and welfare of your business. It is best not to have any surprises. If you know the person well or if you are new acquaintances you need to know things like criminal histories and bankruptcies. They should be checking you out as well. They should know all there is to know before entering into a business together. Sometimes the easiest way to find bankruptcy records is with a third party on the internet. There will be a fee but it may be well worth what you pay for the time you will save. Trying to find bankruptcy records on your own can be difficult. It is a matter of getting permission to use the right domain. Some websites will connect you to the proper domain for a fee also.

You can also get bankruptcy history at the county or state court house for a fee. Bankruptcy records are public domain and anyone can access them. If your partner has filed bankruptcy there will be records which you can see. You will be able to ascertain whether you want to do business with them or not. Remember when you are starting a new business, the banks and other lending companies will be checking you and your partners. They check personal and business records to see if you will make a good candidate or not. Know all you can about the people you intend to set up a business with so there are no surprises when trying to get credit for your business. Remember that your public records like criminal records and bankruptcy history are also available to the public. If you already own a business or if you are planning on starting a new one soon you may not want to file bankruptcy in your personal life. There are other ways of getting out of debt that may not affect you in a negative manner for such a long period of time.

A Sample Will

// August 21st, 2010 // No Comments » // Uncategorized

You can begin your process of your actual will by making a will sample. This you can give to your lawyer as the first step in making a will as the actual will must be done by a lawyer and will be signed by you as well as three witnesses. You can begin your will sample like this:  At the top will be you full name and address. 

Your personal information goes below this which will have your martial history, marriage dates if any and the full name of your spouse.  Next, you will write the names and birth dates of any children, if you have any. 

Now you begin with a heading titled “beneficiaries.”  Depending on what you own, this can take some time. This list will have the names of those people you wish to leave possessions to.  This list must have an amount or maybe a percentage of the wealth that you want each person to have after you are gone.  Of course, if you will be leaving everything have have to just one person, then that will be the only name in this list.  You can find help online with forms if you want to print it out and fill in the blanks. You can find forms for every state and these forms are free.